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1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 03/25/2010 : 16:57:30
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Gold could correct but will stand up better than most things to a rallying USD because this entire situation (deleveraging) is a flight to cash in general, a rallying USD is merely the biggest example of that. Gold is THE cash, without peer.
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
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Edited by - Country on 03/25/2010 18:29:48 |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 03/25/2010 : 17:59:45
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I must admit, I am a little baffled. The marxocrats succeed in (effectively) taking over another major segment of the US economy, and the dollar goes up?!? Nothing makes sense anymore.
The article you posted The Tipping Point at Zero does as good a job as anything I've read to explain what's going on.
Nothing has changed for the better, IMO, regarding the foundation of the dollar. I think the GoldenJackass sums it up pretty well when he says:
Financial markets throughout the entire USEconomy are essentially frozen. A huge waiting game has emerged between the expectant beneficiaries of USFed efforts to stimulate inflation and economic participants. In the process, the USEconomy deteriorates further.
Costs rise, asset prices fall, effectively keeping "inflation" at an "exceptable" level.
Stash your cash, and be prepared to pounce on the assets you want. Not now but soon.....
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Edited by - Delawhere Jack on 03/25/2010 18:00:51 |
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No82s
Penny Pincher Member
USA
198 Posts |
Posted - 03/25/2010 : 22:26:47
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| I don't think anything has changed as far as the long term demise the dollar will face based on the printing presses and on coming inflation. However, short term the euro is in big trouble until they get Greece, Spain, Portugal, etc figured out so the money is going to the USD as a safe haven. The telling sign for me is that as the dollar has strengthened, the price of gold and silver hasn't suffered near as much as it has in the past. IMHO |
The difference between an optimist and a pessimist is that the pessimist is better informed. |
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Will the USD continue rallying?
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